EURUSD: Warsh did not give the market comfortEuro / U.S. DollarFOREXCOM:EURUSDPsyduckTraderThe main psychological shift is simple: traders were looking for comfort, but Warsh delivered discipline. EURUSD dropped sharply after Kevin Warsh’s Jackson Hole speech because the market did not get the soft Fed message it wanted. Inflation stayed at the center of the speech, the 2% PCE target was described as fixed, and he argued that the Fed should give the market fewer forward-guidance signals. That matters because less guidance means more uncertainty. And when uncertainty rises, the first market reaction is often emotional. EURUSD fell not only because the dollar strengthened, but because the crowd had to reprice the idea of an easy dovish pivot. On the chart, price broke down toward the 1.1600 fear zone after failing to hold above the previous short-term range. Now the key question is whether sellers can keep control — or whether late shorts are chasing the first hawkish candle too aggressively. The short conclusion: This is not a dovish pivot. It is an attempt to bring discipline back to the market. Warsh reminded traders that inflation matters more than investor comfort. Are traders selling EURUSD because the Fed story truly changed — or because the first hawkish reaction scared the crowd? Personal market commentary, not financial advice.